Another Forbes rating has shown the 200 largest private companies in Russia. Of them 23 operate on the metal market. They are Nornickel (8), Rusal (10), Evraz (11), NLMK (12), Severstal (15), MMK (16), UMMC-Holding (17), Metalloinvest (24), TMK (31), Polyus (40), OMK (53), ChTPZ (57), Polymetal International (73), VSMPO-Avisma (90), Russian Copper Company (111),…
DetailsEvraz NTMK has completed the construction of the main structures of the new blast furnace No. 7. The height of the furnace is over 80 meters. Metal structures of foundries have also been assembled. Gas-exhaust pipelines and transportation lines are being assembled. Soon the crane constructions will be erected. The volume of the new furnace…
DetailsFor a couple of years now ArcelorMittal Temirtau has been modernizing its hot-galvanizing and aluminum plating shop. In 2016 investments exceeded $4 million. In 2018-2019 the modernization will continue. During the modernization period, 8 investment projects have been realized aimed at improving quality of products, efficiency and decreasing environment impact. (Ukrainian metal)
DetailsThe main sections of copper exports from Russia are raw copper (72.6%), wire and wire rod (23.9%). Imports are represented by pipe fittings, pipes and raw copper. Local rolled copper and alloy output is around 60 thousand tons per month. A slight increase is expected in 2017. The main copper manufacturers are Artemovsk Non-Ferrous Processing…
DetailsMMK has been named the best Russian employer by Forbes. The company was one of the 4 Russian companies to enter top-500 of the World’s Best Employers rating, occupying the 214th position. “Retaining the leading positions on the world metal market and demonstrating the considerable industrial dynamics, MMK has among its priorities the social responsibility”,…
DetailsRussia’s Ural Mining and Metallurgical Company (UMMC) has acknowledged industrial development of two nickel fields near the city of Voronezh – the Yelanskoye and Yelkinskoye fields – with reserves of about 1 million tons reasonable, UMMC said in a statement late on October 11. “The combined reserves of nickel at the two fields amount to…
DetailsThe mine constructors of Gaysky Mining and Processing Works were among the first to test the operation of the HoldCab power cables produced by the Cable Alliance Holding LLC. These cables are used to transmit high voltage from the above ground power plants to the main subterranean plants of the main horizons under construction. The…
DetailsThe Demidov Group of Companies has opened a new warehouse in the city of Nizhniy Novgorod. There customers are now offered sheets, bars and sections. All the metal is certified. In addition to the standard service mix the new warehouse also offers cutting metal to the clients specifications. (Ukrainian metal)
DetailsWithin the Metalloinvest program on the modernization of the mining and transport complex Mikhailovsky Mining and Processing Works receives new machinery. In September the company mining fleet was increased with a new drilling mill. It has already been assembled. It is planned to be put into operation at the quarry this month. (Ukrainian metal)
DetailsZagorsky Pipe Works will supply over 28 thousand tons of pipes to Kolskaya Verf (Kola Shipyard), a daughter company of NOVATEK. The batch will contain the 1020 and 1420 mm pipes. They will be used in the construction of the shore structures within construction of a shipyard in the village of Belokamenka in Murmansk region.…
DetailsThe losses of Metinvest in H1 amount to $329 million, or 8% of the consolidated revenue. According to the group statement, losses from the seizure of assets in the temporarily occupied regions of Donetsk and Lugansk regions totaled $293 million, with $228 million being plants and machinery and $82 million – stocks. At the same…
DetailsVictor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…
DetailsIn January-September MMK increased steel output by 1.9% YoY, to 9.569 million tons. Pig iron manufacture grew by 3.1%, to 7.509 million tons. Sales went up by 1.2%, to 8.759 million tons. In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)
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